Commencement of Distribution. Distribution of a Participant’s Account balance shall be made or commence no later than 60 days after the close of the Plan Year in which occurs the latest of:
Commencement of Distribution. Except as otherwise set forth in Section 2C, below, I irrevocably elect to receive payment of my Deferred Stock at the following time (check one): o January 2, 20__ or, if earlier, the date I cease being a Director for any reason; or o The date I cease being a Director for any reason.
Commencement of Distribution. All distributions shall be made or commenced to be made as soon as practicable after the valuation date coincident with or next following the occurrence of one of the distribution events described in this ARTICLE X. Upon written notice to the Committee no later than the end of the calendar month following the month in which termination occurs, a participant (or, in case of death, his beneficiary), entitled to a lump sum payment may make an irrevocable election to receive the value of his distribution on January 31st of the next succeeding calendar year. Alternatively, the participant may choose not to withdraw any of his vested accounts when one of the distribution events occurs, and later elect to have the distribution made upon written notice before a subsequent valuation date. However, unless the participant chooses to receive the distribution in the form of an annuity pursuant to Paragraph 10.3(a), only a full and complete distribution of the vested accounts will be allowed whether the participant withdraws his vested accounts at the time a distribu-tion event occurs or at some later date. No partial withdrawals shall be permitted. Notwithstanding, no distribution of three thousand five hundred dollars ($3,500.00) [five thousand dollars ($5,000.00) beginning January 1, 1998] or more shall be made to a participant unless the participant shall have consented in writing to such distribution, all in accordance with the provisions of Internal Revenue Code Section 411 and related regulations.
Commencement of Distribution. Except as otherwise set forth in Section 2C, below, your Deferred Stock benefit will be paid or benefits will commence as soon as administratively practicable following the date you resign or otherwise cease being a Director for any reason.
Commencement of Distribution. Except as otherwise set forth in Section 2C, below, I irrevocably elect to receive payment of my Deferred Stock at the following time (check one): ☐ January 2 of the fifth (5th) year following the year with respect to which this Deferred Stock Award relates (e.g., January 2, 2020 for 2015 Deferred Stock Awards, January 2, 2021 for 2016 Deferred Stock Awards, etc.) or if earlier, the date I cease being a Director for any reason; or ☐The date I cease being a Director for any reason.
Commencement of Distribution. The Employee, or the Employee's duly designated beneficiary (or qualified executor or administrator), shall receive distributions beginning on the first day of the first month following the earlier to occur of:
Commencement of Distribution. Licensee shall use its best efforts to commence distribution of the Licensed Products no later than October 2003 or thereafter.
Commencement of Distribution. 3.01 Within ninety (90) days after the receipt of the Final Report, each Party shall advise the other Party and the Company, in writing, of its decision (which each Party shall be entitled to make in its sole and absolute discretion) with respect to the issue of whether the Company should or should not commence to sell and distribute the Products following the F/S Period (hereinafter called the "Commencement Notice").
Commencement of Distribution. All distributions shall be made or commenced to be made as soon as practicable following the occurrence of one of the distribution events described in this ARTICLE X. Alternatively, the participant may choose not to withdraw any of his or her vested accounts in the investment options when one of the distribution events occurs and later elect to have the distribution made. Prior to on or about September 1, 2009, (1) only a full and complete distribution of the vested accounts will be allowed whether the participant withdraws his or her vested accounts at the time a distribution event occurs or at some later date, and (2) no partial withdrawals shall be permitted. Beginning on or about September 1, 2009, a participant who meets the requirements of this ARTICLE X may elect a distribution of a portion of his or her vested accounts, subject to reasonable administrative restrictions established by the Company, except that no partial withdrawals shall be permitted for distributions based on the sole condition of attainment of age fifty-nine and one-half (59 1/2). Notwithstanding, no distribution of five thousand dollars ($5,000.00) or more shall be made to a participant unless the participant shall have consented in writing to such distribution, all in accordance with the provisions of Internal Revenue Code Section 411 and related regulations. Beginning January 1, 2002, with respect to participants separating from service and distributions after that date, the value of a participant’s vested accounts shall be determined without regard to that portion of the vested account that is attributable to rollover contributions (and any earnings allocable thereto) within the meaning of Code Section 402(c). If the value of the participant’s vested accounts, including rollover contributions (and any earnings attributable thereto) as so determined is one thousand dollars ($1,000.00) or less, the Plan shall immediately distribute the participant’s entire vested account balance; no amount in excess of one thousand ($1,000.00) shall be distributed without the participant’s written consent .”
Commencement of Distribution
